Ireland applies to host European Banking Authority after Brexit

Milan is among 19 European cities competing to host the European Medicines Agency (EMA), which will relocate from London after the United Kingdom leaves the EU.

Another 19 applications were submitted to host the European Medicines Agency (EMA), which oversees medicines across the member bloc.

The 27 States remaining in the European Union after the departure of the United Kingdom had until Monday at midnight to submit a single application for each agency.

It can also be found on the list Amsterdam, Athens, Barcelona, Bratislava, Bucharest, Copenhagen, Helsinki, Milan, Porto, Sofia, Stockholm, Malta and Zagreb.

The Minister says that the key to the Irish offer is the whole-of-government commitment to ensuring that the EMA can relocate to its new home and carry out its functions from day one.

THE battle for the spoils of Brexit began yesterday as 23 European cities launched their bids to host two London-based EU regulatory agencies that will be forced to leave the British capital.

Estonia, Latvia, Lithuania and Slovenia are the only countries not expected to bid.

Criteria include the "accessibility of the location", "adequate education facilities for the children of staff members" and "appropriate access to the labour market, social security and medical care for both children and spouses". The group will draw membership from Government Departments and State agencies.

Previously, major European Union powers have been divided over which country should take over London's role as the main middleman for financial deals carried out in euros. A final decision on the relocations will be taken at a ministerial meeting in November.

The EBA, with 159 staff, is perhaps best known for its regular stress tests on the EU's financial sector in the wake of the global financial crisis.

Eleven other European cities are also candidates.

However, the only cities in the running for both agencies are Dublin, Brussels, Vienna and Warsaw.

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